Posted 03/12/2014 at 3:12 PM
Posted 3 years ago
According to Goldman Sachs, bitcoin is not a currency.
After making a thorough assessment of bitcoin, they’ve decided that bitcoin itself is not so hot, however, they do seem to like the idea of what can be accomplished with the same type of system that produced bitcoin.
Dominic Wilson and Jose Ursua wrote “We would argue that Bitcoin, and other digital currencies, lie somewhere on the boundary between currency, commodity and financial asset. Our best definition would be that it is currently a speculative financial asset that can be used as a medium of exchange.”